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    Exam 13: Monopolistic Competition: the Competitive Model in a
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    If a Perfectly Competitive Firm Maximizes Short-Run Profits, Its Marginal
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If a Perfectly Competitive Firm Maximizes Short-Run Profits, Its Marginal

Question 116

Question 116

True/False

If a perfectly competitive firm maximizes short-run profits, its marginal revenue will be positive and less than its price.

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